GOLDIAM INTERNATIONAL LIMITED
	MANUFACTURERS & EXPORTERS OF JEWELLERY
	REGISTERED OFFICE
	GEMS & JEWELLERY COMPLEX
	SEEPZ , ANDHERI (EAST)
	MUMBAI  -400096
	Audited Financial Results for the Year ended on 31st March, 2010
										(Rs.in Lacs)
			Figures for the		Audited for the		Consolidated
	Sr.	Particulars	Quarter Ended on		Year ended on		Figures for the		Audited for the
	No.						Quarter Ended on		Year ended on
			31.03.2010	31.03.2009	31.03.2010	31.03.2009	31.03.2010	31.03.2009	31.03.2010	31.03.2009
	1	Net Sales/ Income from operations	1,436.34	1,010.75	5,935.17	5,593.97	4,280.85	2,492.13	17,871.14	21,282.26
	2	Expenditure
	a)	(Increase)/decrease in stock in trade	(1.13)	132.12	92.66	231.80	(358.13)	(113.30)	(454.31)	(365.86)
	b)	Consumption of Raw Materials	996.85	480.95	3,554.88	3,735.61	3,164.12	972.81	12,902.51	15,928.46
	c)	Purchase of Traded Goods	186.09	607.29	794.72	959.92	688.18	798.13	1,304.92	1,150.76
	d)	Employees Cost	150.24	72.80	613.76	692.22	302.66	306.42	1,124.39	1,695.16
	e)	Depreciation	31.51	48.82	122.57	163.45	61.77	80.44	245.10	327.24
	f)	Other expenditure	197.51	135.11	1,087.04	1,788.93	490.14	698.94	2,580.22	3,322.82
	g)	Total	1,561.07	1,477.08	6,265.64	7,571.33	4,348.74	2,743.44	17,702.83	22,058.58
	3	Profit from Operations before Other Income,
		Interest & Exceptional Items (1-2)	(124.73)	(466.33)	(330.47)	(1,977.36)	(67.89)	(251.30)	168.31	(776.33)
	4	Other Income	158.28	344.77	821.92	596.52	146.65	327.07	754.46	488.57
	5	Profit before Interest & Exceptional
		Items (3+4)	33.54	(121.57)	491.45	(1,380.84)	78.76	75.77	922.78	(287.76)
	6	Interest	12.37	6.11	20.68	14.07	30.78	76.95	361.64	312.34
	7	Profit after Interest but before Exceptional
		Items (5-6)	21.18	(127.68)	470.77	(1,394.90)	47.97	(1.19)	561.13	(600.10)
	8	Exceptional Items	-	-	-	-	-	-	-	-
	9	Profit(+)/Loss(-) from Ordinary Activities	21.18	(127.68)	470.77	(1,394.90)	47.97	(1.19)	561.13	(600.10)
		before tax (7+8)
	10	Tax Expenses	(11.03)	(45.52)	(40.46)	(32.60)	(2.65)	(95.01)	(39.23)	(68.80)
	11	Net Profit(+)/Loss(-) from Ordinary Activities	32.21	(82.16)	511.23	(1,362.30)	50.62	93.82	600.36	(531.30)
		after tax(9-10)
	12	Extraordinary Items (net of tax expense Rs. Nil)	-	-	-	-	-	-	-	-
	13	Minority Interest	-	-	-	-	(37.17)	45.82	(114.50)	(36.76)
	14	Net Profit(+)/Loss(-) for the period.(11-12-13)	32.21	(82.16)	511.23	(1,362.30)	87.79	47.99	714.86	(494.53)
	15	Paid up Equity Share Capital (Face Value Rs.10/-)	2,494.60	2,554.60	2,494.60	2,554.60	2,494.60	2,554.60	2,494.60	2,554.60
	16	Reserves excluding revaluation reserves as	-	-	12,990.94	12,942.74	-	-	15,633.49	15,328.17
		per balance sheet of previous accounting year
	17	Earning Per Share (EPS)
		a) Basic and diluted EPS before Extraordinary
		items for the period, for the year to date and
		for the previous year (not to be annualised)
		-Basic	0.13	(0.32)	2.05	(5.33)	0.35	0.19	2.87	(1.94)
		-Diluted	0.13	(0.30)	2.01	(5.24)	0.35	0.18	2.81	(1.90)
		b) Basic and diluted EPS after Extraordinary
		items for the period, for the year to date and
		for the previous year (not to be annualised)
		-Basic	0.13	(0.32)	2.05	(5.33)	0.35	0.19	2.87	(1.94)
		-Diluted	0.13	(0.30)	2.01	(5.24)	0.35	0.18	2.81	(1.90)
	18	Public Shareholding
		a) No. of Shares	11,397,896	11,997,896	11,397,896	11,997,896	11,397,896	11,997,896	11,397,896	11,997,896
		b) Percentage of Shareholding	45.69%	46.96%	45.69%	46.96%	45.69%	46.96%	45.69%	46.96%
	19	Promoters and promoter group Shareholding
		a) Pledged/Encumbered
		- Number of shares	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil
		- Percentage of shares (as a % of the total
		shareholding of promoter and promoter group)	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil
		- Percentage of shares (as a % of the total
		share capital of the company)	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil
		b) Non-encumbered
		- Number of shares	13,548,100	13,548,100	13,548,100	13,548,100	13,548,100	13,548,100	13,548,100	13,548,100
		- Percentage of shares (as a % of the total
		shareholding of promoter and promoter group)	100%	100%	100%	100%	100%	100%	100%	100%
		- Percentage of shares (as a % of the total
		share capital of the company)	54.31%	53.04%	54.31%	53.04%	54.31%	53.04%	54.31%	53.04%
	1	The above Audited Results have been duly considered by the Audit Committee and were taken on record by the Board of Directors of the Company at its
		meeting held on 30th May,2010
	2	The Board of Directors has recommended a dividend of Re.1/- per equity share of the face value of Rs.10/- each fully paid up for the year ended 31.03.2010 for the approval of members at the Annual General Meeting.
	3	Consolidated financial statements of the Company, its subsidiaries and Joint Ventures have been prepared in accordance with Accounting Standards on Consolidated Financial Statements AS 21 and Financial Reporting of Interests in Joint Venture ( AS-27) issued by The Institute of Chartered Accountants of India.
	4	Employees cost includes amortisation of Voluntary Retirement Expenses of Rs.1.25 crores and Rs.5.01 crores for the quarter and year ended 31.03.2010 respectively and of Rs. 0.74 crores for the corresponding quarter and year ended 31.03.2009. Further, in respect of the consolidated results, employees cost includes amortisation of Voluntary Retirement Expenses of Rs.1.43 crores and Rs. 5.74 crores for the quarter and year ended 31.03.2010 respectively and of Rs.0.92 crores for the corresponding quarter and year ended 31.03.2009.
	5	Other expenditure includes foreign currency profit of Rs.0.23 crores and loss of Rs.5.67 crores for the quarter and year ended 31.03.2010  respectively and loss of Rs. 0.75 crores & loss of Rs.12.03 crores for the corresponding quarter and year ended 31.03.2009. Further, in respect of the consolidated results, other expenditure includes foreign currency profit of Rs.0.30 crores and loss of Rs. 8.36 crores for the quarter and year ended 31.03.2010 respectively and loss of Rs. 3.05 crores & loss of Rs.15.53 crores for the corresponding quarter and year ended 31.03.2009.
	6	Tax Expenses includes Current Tax & Deferred Tax for the quarter and year ended on 31.03.2010 and also includes Fringe Benefit Tax in addition to Current Tax and Deferred Tax for the quarter and year ended on 31.03.2009.
	7	One complaint received during the quarter has been replied/redressed.There were no complaints pending at the beginning and end of the quarter.
	8	The Stand alone results of the Company are available on the Company's website www.goldiam.com and also available on Bombay Stock Exchange and National Stock Exchange of India websites www.bseindia.com and www.nseindia.com respectively.
	9	The figures in Rs.Lacs are rounded off to two decimals.
	GOLDIAM INTERNATIONAL LIMITED
	Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
										(Rs.in Lacs)
			Figures for the		Audited for the		Consolidated
	Sr.	Particulars	Quarter Ended on		year ended on		Figures for the		Audited for the
	No.						Quarter Ended on		Year ended on
			31.03.2010	31.03.2009	31.03.2010	31.03.2009	31.03.2010	31.03.2009	31.03.2010	31.03.2009
	A	PRIMARY SEGMENT:
	1	Segment Revenue :
		a) Jewellery	1,475.21	1,104.12	6,262.76	5,692.79	4,319.35	2,618.96	18,204.79	21,409.08
		b) Investments	119.41	162.16	494.33	406.23	108.15	63.44	420.82	224.94
		Total	1,594.62	1,266.28	6,757.09	6,099.02	4,427.49	2,682.40	18,625.60	21,634.02
		Less : Inter Segment Revenue	-	-	-	-	-	-	-	-
		Net Sales/ Income from Operations	1,594.62	1,266.28	6,757.09	6,099.02	4,427.49	2,682.40	18,625.60	21,634.02
	2	Segment Results :
		Profit/(Loss) before tax and interest
		a) Jewellery	(82.43)	(275.47)	26.58	(1,740.59)	(16.21)	87.51	623.02	(388.87)
		b) Investments	119.95	166.13	492.21	390.82	108.69	67.39	418.70	206.74
		Total	37.51	(109.34)	518.78	(1,349.77)	92.47	154.90	1,041.71	(182.13)
		Less : i) Interest	12.37	6.11	20.68	14.07	30.79	76.95	361.65	312.34
		ii) Other un - allocable expenditure (Net)	3.98	12.23	27.34	31.06	13.73	79.14	118.94	105.63
		Total Profit Before Tax	21.18	(127.68)	470.77	(1,394.90)	47.97	(1.19)	561.13	(600.10)
	3	Capital Employed
		a) Jewellery	7,629.23	6,992.15	7,629.23	6,992.15	9,570.06	10,685.72	9,570.06	10,685.72
		b) Investments	7,793.25	7,115.77	7,793.25	7,115.77	7,792.61	5,175.86	7,792.61	5,175.86
		c) Unallocated assets / (Liabilties)	63.06	1,389.42	63.06	1,389.42	765.42	2,021.20	765.42	2,021.20
		Total	15,485.54	15,497.34	15,485.54	15,497.34	18,128.09	17,882.77	18,128.09	17,882.77
	B	SECONDARY SEGMENT
	1	Segment Revenue :
		Within India	102.64	(48.62)	18.20	(166.05)	11.32	(644.75)	17.62	(762.18)
		Exports Outside India	(185.06)	(226.86)	8.38	(1,574.55)	(27.53)	732.26	605.39	373.31
		Total Revenue	(82.42)	(275.47)	26.58	(1,740.60)	(16.20)	87.51	623.02	(388.87)
	2	Segment Assets
		Within India	473.29	484.38	473.29	484.38	58.19	196.62	58.19	196.62
		Exports Outside India	8,401.06	8,490.95	8,401.06	8,490.95	18,853.24	22,031.25	18,853.24	22,031.25
		Total Assets	8,874.35	8,975.33	8,874.35	8,975.33	18,911.43	22,227.87	18,911.43	22,227.87
	3	Segment Liabilities
		Within India	-	15.29	-	15.29	-	15.87	-	15.87
		Exports Outside India	1,245.12	1,967.89	1,245.12	1,967.89	9,341.37	11,526.29	9,341.37	11,526.29
		Total Liabilities	1,245.12	1,983.18	1,245.12	1,983.18	9,341.37	11,542.16	9,341.37	11,542.16
	1	The Company has identified Two Reportable Segments viz. Jewellery Manufacturing and Investment Activity. Segments have been identified and reported taking into account nature of products and services, the different risks and returns  and the internal business reporting systems.
	2	The Company has identified Geographic Segments as its Secondary Segment. Geographic segments of the Company are mainly local market in India and exports out of India.
	3	The capital employed in the respective segments is worked out after considering the operating assets and liabilities that are directly attributable to the segments as well as allocated to the segments on a reasonable basis.
		Statement of Assets & Liabilities
					(Rupees in lacs)
			Standalone		Consolidated
			Audited figures for the		Audited figures for the
			Year ended on		Year ended on
		Particulars	31.03.2010	31.03.2009	31.03.2010	31.03.2009
		SHAREHOLDERS' FUNDS:
		( a ) Capital	2,494.60	2,554.60	2,494.60	2,554.60
		( b ) Reserves and Surplus	12,990.94	12,942.74	15,633.49	15,328.17
		MINORITY INTEREST	-	-	1,502.19	1,946.13
		LOAN FUNDS
		( a ) Secured Loans	-	-	2,455.46	3,068.32
		( b ) Unsecured Loans	-	-	685.87	1,133.61
		TOTAL	15,485.54	15,497.34	22,771.60	24,030.83
		FIXED ASSETS	926.34	1,002.13	1,952.58	2,379.73
		INVESTMENTS	8,983.68	6,176.39	7,700.49	4,945.19
		DEFERRED TAX ASSETS	134.84	49.23	158.08	65.71
		CURRENT ASSETS, LOANS
		AND ADVANCES
		( a ) Inventories	2,821.01	3,316.99	8,618.66	7,650.31
		( b ) Sundry debtors	2,584.84	3,137.77	7,659.40	11,655.91
		( c ) Cash and Bank balances	268.09	1,084.42	928.66	1,601.36
		( d)  Other Current Assets	-	-	-	-
		( e ) Loans and Advances	1,351.09	2,457.83	772.91	772.58
		Less: Current Liabilities and
		Provisions
		( a ) Liabilities	1,245.12	1,983.18	4,697.86	5,394.09
		( b ) Provisions	339.24	40.11	342.87	41.86
		MISCELLANEOUS EXPENDITURE
		( NOT WRITTEN OFF OR ADJUSTED)	-	295.88	21.55	396.00
		PROFIT AND LOSS ACCOUNT	-	-	-	-
		TOTAL	15,485.54	15,497.34	22,771.60	24,030.83
							For Goldiam International limited
		Place : Mumbai					Rashesh Bhansali
		Dated : 30th May,2010					Vice Chairman & Managing Director